The Business Times

First Republic Bank

Banking & Finance

JPMorgan begins First Republic makeover as it opens more branches

The investigation into First Republic, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the federal government’s deposit insurance fund about US$32 billion.
Banking & Finance

US FDIC is probing former First Republic Bank directors and officers

JPMorgan’s profit climbs to US$14.47 billion, or US$4.75 per share, for the quarter ended Jun 30.
Companies & Markets

JPMorgan profit jumps on higher interest income as First Republic lifts earnings

A passerby looks at a press release from the FDIC taped to the window at the headquarters branch of First Republic Bank in San Francisco, May 1, 2023. Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial system. (Jim Wilson/The New York Times)
Companies & Markets

JPMorgan to close 21 First Republic Bank branches

The FDIC says the US$472 billion in deposit outflows in the first quarter is primarily uninsured funds, as insured deposits actually rose US$255.1 billion, or 2.5 per cent
Companies & Markets

US bank deposits fall at record pace in Q1 as profits remained steady: FDIC

First Republic became the largest US bank to fail since 2008 after it was seized by regulators and sold to JPMorgan in early May.
Companies & Markets

JPMorgan notifies some First Republic employees of job losses: source

First Republic Bank's incentive system helped drive up compensation for employees to an average of US$310,000 apiece last year, according to regulatory filings.  The amount actually paid to individuals varied widely, depending on their roles, performance and the size of their client portfolios.
Banking & Finance

First Republic’s US$35 million banker out-earned JPMorgan’s Dimon before bust

JPMorgan, the biggest US bank, raises its guidance for net interest income this year to US$84 billion.
Companies & Markets

JPMorgan boosts net interest outlook on First Republic deal

American banks are still falling like dominoes, with the US$200 billion First Republic Bank the most recent to drop.
Opinion & Features
NEWS ANALYSIS

This slow-burn financial crisis could still bring on a recession

Federal Reserve data on Thursday showed a large part of the central bank’s emergency lending activities in recent weeks were tied up with the now-shuttered First Republic Bank.
International

Federal Reserve data shows failed bank First Republic was key central bank borrower

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